The IHS Markit Brazil Composite PMI increased to 47.3 in July 2020 from 40.5 in the previous month. Still, the reading pointed to the third consecutive contraction in the private sector amid the coronavirus pandemic. Services activities continued to decline though at a slower rate (42.5 vs 35.9 in June) while manufacturing output grew for the second successive month (58.2 vs 51.6 in June) as some business restarted operations following lockdown restrictions. Employment dropped for the fifth month in a row despite a return to expansion in manufacturing workforce numbers while confidence improved to a five-month high. On the price front, input cost inflation quickened to a four-month high.
Composite Pmi in Brazil averaged 48.38 points from 2011 until 2020, reaching an all time high of 55.50 points in February of 2012 and a record low of 26.50 points in April of 2020. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Markit Economics
Composite Pmi in Brazil is expected to be 41.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Brazil to stand at 51.00 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 52.00 points in 2021 and 51.00 points in 2022, according to our econometric models.